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Here’s how I see it. To me, Bitcoin is a long term investment with a binary result.
Either Bitcoins are going to 0, or they are going to $10,000. They are either going to be essentially worthless or worth ALOT.

At the time I was willing to risk $250 of downside risk, for a potential payout of $9750. That’s an amazing risk reward ratio.

Today, Bitcoins are at 1200. In my eyes, you have $1000 of downside risk for $9000 of upside potential. That’s a 10:1 reward-risk ratio. I’d still take the trade!

I have no idea what I’m doing, but I have a Coinbase balance of $2829.22USD which is 2.334BTC.

Assuming I should use the currency I purchased, I did so. I made a purchase on Overstock.com in BTC on 12/17/2016 for $228.98USD for .289BTC, which today would have been worth $348.85USD. I overpaid $120.00USD for that purchase. I am wondering one day if I am going to be the guy who paid 16btc for a Papa John’s pizza.

I also bought 16 Etherium for $200 just in case that starts to take off.

I don’t feel any real need for myself. 90% ppl around me knows about it but dont need it. They need Venmo not Bitcoin.
Bitcoin is not free. Fees everywhere. The benefit of using it is not that great.
unregulated market is susceptible for getting controlled by large entities. Who knows, North Korea may have shit tons of bitcoin.

I have a couple bitcoin, purchased originally on Coinbase but I quickly moved to Gemini for its higher fees.

If you really, really understand market and currency dynamics you can probably make a lot of money trading bitcoin. For the rest of us mere mortals, buying and hodling is a fine strategy.

I think bitcoin will rise in value massively over the coming 5 years or so. I also think there will be at least one severe crash in that time frame. The upside of Bitcoin is absurd, as has been demonstrated at least 2 or 3 times in the past. $20 into bitcoin at the end of 2010 would be worth nearly $300,000, which is nonsensical. More realistically, $20 into bitcoin in 2012 would roughly $1500 today, which is still unreal growth. Will we get such growth again? Maybe not, but it’s happened before.

With such upside potential, you carry tremendous risk. If you put $5000 into bitcoin tomorrow, that could very well crash and become $1000. I’d only recommend investing ito bitocin to two types of individuals: those who acutally *believe* in the currency, and those who have a financial safety net and losing five figures on speculation is hardly a drop in the bucket.

One of my clients runs a hedge fund and he put a few thousand in bitcoin in 2012. He’s still buying massive amounts of bitcoin today. I was talking to him about investing in stocks. He said fuck that buy bit coin. So just bought 2 bitcoin. My client made most of his money predicting the housing market crash, he then made more off of brexit and even called the presidency. So either he’s a lucky Idiot or a genius, but I don’t care I’m gonna keep on putting money in bit coin.

I bought at $400 and sold at ~$700 this summer. I was pumped so I bought more after a small dip only to be prepped for the big bitfinex hack. Yeah no thanks. BTC intrinsically is a great idea, but if the services attached to it are not decentralized, it defeats the whole purpose.